Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts conducted July 30, 2008.
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Credit cards
Rates: 13.42 percent (standard fixed); 11.62 percent (standard variable)
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Fixed-rates stayed flat, but variable-rates rose. The average fixed-interest rate for gold, platinum and standard credit cards remained at 11.88 percent for the 11th week in a row, while fixed-rate standard cards kept to a 13.42 percent average for the 42nd straight week. Meanwhile, the average variable rate for all cards climbed 2 basis points to 11.22 percent and inched up 3 basis points to 11.62 percent for standard/classic cards.
Consumers may soon have the option to pay collection accounts online. Financial services firm Online Resources announced Monday that three of the top 10 card issuers have either signed an agreement to use the company's online collections service or adopted the service in the last 90 days.
-- Leslie McFadden
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July 30 - Aug. 5
